MUMBAI: Shares of HCL Technologies were in demand on Tuesday after the technology firm reported a strong quarterly performance ahead of
street expectations.

The company posted a net profit of Rs 192.94 crore for the quarter ended June 30, 2009 as compared to net loss of Rs 13.54 crore for the quarter ended June 30, 2008. Total Income increased from Rs 1142.56 crore for the quarter ended June 30, 2008 to Rs 1191.71 crore for the quarter ended June 30, 2009.

On a consolidated basis, the group posted a net profit of Rs 1319.63 crore for the year ended June 30, 2009 as compared to Rs 1051.41 crore in the year ago period. Total Income increased from Rs 7755.50 crore for the year ended June 30, 2008 to Rs 10491.61 crore for the year ended June 30, 2009.

The company’s board has also recommended a final dividend of Re 1/- per equity share of Rs 2/- each for the year ended June 30, 2009, it said in a statement.

Furthermore, the board as approved the re-appointment of Mr. Shiv Nadar, Chairman & Chief Strategy Officer as the Managing Director of the Company for a period of 5 years , subject to the approval of the shareholders.

At 10:10 am, the company’s shares were trading at Rs 308.75, higher by 6.48 per cent on the BSE.